Under the PTC ( Property tax credit) program, the new $1112 Stimulus Check for Seniors will released in Colorado in October 2024. It provides financial assistance to seniors who need help in paying their property bills, rent, and heating costs. The good thing is that eligible seniors will get the tax rebate under this program, even without SSN.
$1,112 Stimulus Check for Seniors
The stimulus checks will provide to citizens who are low-income and need financial relief during winter and fall months when the heating bills will increase. The Colorado state set the funds of $7 million and provide the payments to beneficiaries on specific payment dates.
$1112 Stimulus Check For Seniors In Colorado
Authority | Colorado Department of Revenue |
Name of Program | Property Tax Credit (PTC) |
Country | USA |
Amount | $1,112 |
Payment Dates | October 5, 2024; January 5, 2025 |
Beneficiaries | Seniors 65+, Spouses 58+, Disabled |
Category | Government Aid |
Official Website | https://cdor.colorado.gov/ |
Eligibility for $1,112 Stimulus Checks
All the elder citizens in Colorado will not get benefits under $1112 Stimulus Check for Seniors program. They have to meet the eligibility criteria given below:
Age Limit: The age of candidate must be 65 years older or above. The surviving spouses of age 58 years old or above are also eligible to get benefits under the $1112 Stimulus Check for Seniors. Individuals who are disabled, regardless of their age, are also apply for it.
Residency: You should be a Colorado citizen for an entire year.
Income Limit: The applicant must meet the income criteria to become eligible for the $1,112 stimulus check program. The annual income of single filers should be $18,026 or less. The income of joint applicants must be under $24,345.
You should paid the property taxes, heating bills or rents on time during PTC period, to become eligible for $1112 Stimulus Check for Seniors in October 2024. Dependents mention on their tax returns are not eligible to get payments.
How to Apply for Colorado $1,112 Stimulus Check
If you meet the eligibility criteria, then next, you have to apply for the $1,112 stimulus check program. Applicants must submit their application to the Colorado Department of Revenue. The last date of application is 10 December 2024, so you have to apply before. Once you apply for it, your payments will start proceed from 5 January, 2025.
The citizens who applied between 11 June to 10 September, and got approval, will get payments on 5 October 2024. The applicant must keep look at the deadline and prepare all their necessary documentation to avoid delays.
Advantages of $1112 Stimulus Check for Seniors
The senior citizens in Colorado will get a $1,112 stimulus check. The payments will release to beneficiaries under PTC program. It give the financial assistance to low income or no income seniors, and helps them to covers their rent expenses, property taxes, and pay heating bills.
The seniors who face difficulty to pay their heating bills during fall and winter months in Colorado, will get financial assistance under this program. This stimulus checks will designed to protects the seniors citizens, reduce stress and improve the quality of their life.
$1,112 Stimulus Check Key Dates
The PTC Payments will sent to beneficiaries in two phases:
- Those who applied for the $1112 Stimulus Check for Seniors program before 10 September 2024 will get payments on 5 October 3, 2024.
- Those who applied after 10 September 2024 but before 10 December will get payments on 5 January 2024.
So, ensure to apply for the PTC program 2024 before the deadline, and submit your accurate information and documents to avoid delays.
FAQs
What if I just moved to Colorado?
You must live in Colorado for at least a year to qualify, so new residents won’t be eligible right away.
Can I check how my application is doing?
Yes, you can contact the Colorado Department of Revenue for updates on your application status.
What should I do if I miss the application deadline?
If you miss the December 10 deadline, you won’t be able to apply until the next application period opens.